Indorama-Nigeria presents a very good example of how the abundant gas resources can be effectively utilised, the Minister of State for Petroleum Resources, Chief Timipre Sylva, has said.
The minister who took a tour of the company’s petrochemicals and fertilizer plants in Eleme, Rivers State, recently, said: “What I have seen here is heartwarming for this country. I have had a lesson in value addition. I was here by 2005 in the old Eleme Petrochemicals Company and I saw the plant, an ailing plant at that time.
“But what I have seen here today is very marvellous, a lot has happened here, they have added a lot of trains, and added fertilizer, urea plants and other facilities,” he said.
The minister said the federal government was also very happy to see that Indorama-Nigeria is living well and peacefully with its host communities.
“I must say that this is a very welcome value addition to our economy, they are doing very well. They have invested over $3 billion and plan to invest over $6bn in the Nigerian economy.
The minister said Indorama’s investment has helped in job creation, revenue to the government, as well as the supply of petrochemicals and fertilizers.
He said the firm partners with the government to supply urea fertilizer (Presidential Fertilizer Initiative).
“You can see that in just a few years, Nigeria has become self-sufficient in rice and that is also because of the huge support we get from Indorama.”
The Managing Director, Indorama, Mr. Manish Mundra, assured that the firm was focused on its vision of building the largest petrochemicals and fertilizer hub of Africa in Nigeria.